Bayer Shares Jump As Trump Boosts Limits On Weedkiller Lawsuits [Barron's]
BAYER AG S/ADR (BAYRY)
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Source: Barrons
In a filing to the US Supreme Court, Trump's Solicitor General John Sauer argued in favor of Bayer's stance that a federal statute on pesticide labels preempts state laws requiring warnings on products that may be carcinogenic. Advertisement - Scroll to Continue Sauer's opinion on the weedkiller Roundup boosts the company's efforts to enlist the highest US court as it fights thousands of outstanding claims in the long-running litigation. Bayer has set aside nearly 7 billion euros ($8.1 billion) over Roundup, which was originally produced by US company Monsanto, bought by Bayer in 2018. The Supreme Court case stems from a suit brought by John Durnell of St Louis, who was awarded $1.25 million by a Missouri jury in 2024. Durnell -- who relied on Monsanto marketing that Roundup was safe to spray on t-shirts and shorts -- blamed the product for his blood cancer diagnosis, pointing to a finding that the International Agency for Research on Cancer considers glyphosate, one of Rou
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News
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